Serious Questions Surround Germany’s Alleged 120 Ton Gold Repatriation From U.S. And Paris

"With the announcement today by the Bundesbank that the German's have allegedly repatriated 120 tonnes of their gold held abroad in the United States and Paris, serious questions have immediately begun to emerge about the shady way this co-called repatriatration has taken place.  This piece takes a trip down the rabbit hole of today's shady Bundesbank announcement.

By Peter Boehringer Founder of Repatriate Our Gold Movement In Germany

January 19 (King World News) – Comments regarding Bundesbank's announcement of 2014 gold repatriations to Germany (120 tonnes)

Bundesbank today has released the already overdue announcement of its gold repatriations to Germany in 2014:

Facts first, then a few official comments from me / from our public campaign "Holt unser Gold heim!" / "Repatriate our Gold ":

- BuBa claims to have repatriated 120 tonnes in 2014 …
– … a number slightly higher than our estimate of 100 tonnes
– allegedly 85 tonnes were transported from NY/Fed and 45 tonnes from Paris/BdF
– 50 of the 85 tonnes from NY have (again) been melted and recast into new bars
– at least 43 of the 85 tonnes from NY must have been transported only in DECEMBER of 2014 (based on US-Fed-statistics)

Our comments as follows:

1. "Holt unser Gold heim" is somewhat satisfied that Bundesbank obviously has reacted to public pressure – and increased its repatriation speed significantly over 2013: 37 tonnes in 2013 compare with 120 tonnes in 2014 (5 tonnes from NY in 2013 versus now 85 tonnes in 2014)!

2. We still are not fully happy with the repatriation process in general for three reasons: speed, transparency and volume.

3. Speed: Average repat tonnages for 2013 and 2014 now stand at 78 tonnes per year. In order to repatriate all German gold abroad (2,400 tonnes), Bundesbank would still take more than 30 years! And there is no guarantee whatsoever whether BuBa will continue to repatriate at the current rate of 78 tonnes per annum..."

at http://kingworldnews.com/serious-questions-surround-germanys-alleged-repatriation-120-tonnes-gold/